Thursday, June 30, 2011

Obama export initiative to double US trade brings focus on Gulf States

The United States plans to increase its trade with Qatar and the United Arab Emirates as part of President Barack Obama's initiative to double exports in the next five years.

The US Department of Commerce will embark on a trade mission to the Gulf states from October 30 to November 3.

The initiative is part of President Obama's National Export Initiative, announced by the administration in 2010, to strengthen the country's economic recovery strategy and export competitiveness on a global level.

"The Department of Commerce recognizes that while there are a number of US companies that have been successful in Qatar and UAE, some companies need assistance negotiating these markets to take advantage of the great opportunities that exist," the US-UAE Business Council said in a statement.